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The global growth of mutual funds (English)

With few exceptions, mainly in Asia, mutual funds grew explosively in most countries around the world during the 1990s. Equity funds predominated in Anglo-American countries while bond funds predominated in most of Continental Europe, and in middle-income countries. Capital market development (reflecting investor confidence in market integrity, liquidity, and efficiency) and financial system orientation were the main determinants of mutual fund growth...
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Fernando,Deepthi N.; Klapper,Leora; Sulla,Victor; Vittas,Dimitri.

The global growth of mutual funds (English). Policy, Research working paper ; no. WPS 3055 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/342341468781751457

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